FANG Sell IndicatorMark Melin
FANG Update. BOA is looking to sell as hedge fund concentrated positions gets more alarming. June 5, 2017.
The so-called FANG stocks (Facebook, Amazon, Netflix and Google) received plenty of attention this year thanks to their outperformance. As the rest the market has struggled for direction these stocks have charged higher, returning nearly 30% year-to-date compared to 8% for the wider S&P 500 (a contribution of about 1ppt or 14% of the S&P 500’s returns this year).
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